Understanding Bitcoin in 2024 – Epi-49
Podcast: Play in new window | Download (Duration: 2:09:52 — 37.2MB)
Today we cover a ton of great questions I have gotten recently about Bitcoin. In fact the majority of these questions came from one listener who practically did up a show outline for today. I worked in a few others as well both directly sent and that I have picked up on Nostr and X.
Join Me Today to Discuss…
- Why was 21 million sats the number Satoshi chose, why not some other number? (penny parity)
- Can the ETFs play games with supply vs. paper Bitcoin the way some say they do with gold?
- Is Satoshi a modern version of John Galt who gave us a solution to the debt crisis?
- Will other crypto ETFs be approved specifically ETH?
- Will BTC ever “diverge” from the rest of the crypto market which seems to move in unison?
- How do you best secure your bitcoin and make sure your heirs can get to it as well?
- If you got to a point where you can pay off your mortgage by only selling 25% of BTC including gain taxes should you?
- Is or how is Bitcoin something that will preserve liberty for our future generations?
- Where do you use lightning and what is the best wallet to use?
- Strike is Great for Payments
- GetAlby is all but Impossible to Stop – Browser Based
- Check my Bitcoin Tools Page for more
- Understanding custodial wallets in lightning vs. software wallets for on chain
- Think cash, savings, checking, retirement, etc. (buckets)
- What is CashU and why does it matter?
- Is there a danger that bLaCkRoCk WiLL bUy aLL tHe biTCoiN?
- What do you do when you hit the “bitcoin jackpot” but are only rich on paper?
- What does it mean to consolidate UTXOs, why would you and what does it do?
- How do I self custody and not lose so much to fees on withdrawal?
- What should you do if you have a lot of ETH right now?
- Would I put money in a 401K right now or take that money and buy Bitcoin?
- How do you exchange Bitcoin for currency in a foreign country?
- Final Thoughts – The only person you hurt by not buying Bitcoin is yourself
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Resources for today’s show…
- Find Me on Nostr
- Follow Me on Tik-Tok
- Article Explaining the GrowNostr Initiative
- Join the Members Brigade
- TspAz.com
- TSPC on Discord
- TSPC Group on Telegram (group chat)
- TSPC Telegram Channel (just messages from me)
- Jack on MeWe
- Join Me on Odysee
- All My Recommend Bitcoin Tools and Resources
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Sponsors of the Day
- Join the MSB Here
- Start9 Severs – Take Back Your Digital Sovereignty
- K9 Academy – Train Yourself to Train you Doggo
- Vevor Garden Beds
- Vevor Storage Bins
- The Bioreactor Compost Course
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Video Version of Today’s Show
* The Bitcoin Breakout is a production of The Survival Podcast
Jack,
Thanks for this great episode.
Can you please add the link to the article you promised about consolidating UTXOs and a deeper dive into UTXOs.
Louis
Here you go
https://bitbox.swiss/blog/what-is-utxo-consolidation/